QUESTION7 ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction indudes O Dr. to accounts receivable and Cr. to sales; $2,000 Dr. to cash and Cr. to sales; $4,000 Dr. to cash and Cr. to sales; $2,000 Dr. to accounts receivable and Cr. to sales; $4,000 QUESTION 8 Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is: Dr petty cash expense account and Cr petty cash account; 350 Dr petty cash account and Cr cash account; 350 Dr petty cash account and Cr petty cash expense account; 350 O Dr cash account and Cr petty cash account; 350 Click Save All Answers to save all answers. it
QUESTION7 ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction indudes O Dr. to accounts receivable and Cr. to sales; $2,000 Dr. to cash and Cr. to sales; $4,000 Dr. to cash and Cr. to sales; $2,000 Dr. to accounts receivable and Cr. to sales; $4,000 QUESTION 8 Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is: Dr petty cash expense account and Cr petty cash account; 350 Dr petty cash account and Cr cash account; 350 Dr petty cash account and Cr petty cash expense account; 350 O Dr cash account and Cr petty cash account; 350 Click Save All Answers to save all answers. it
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 17MC: Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this...
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